AB1473 establishes rules for determining a debtor's location and choice of law for voidable transactions in California.

AB1473 amends Section 3439.10 of the Civil Code to clarify how a debtor's location is determined for voidable transactions. For individuals, the location is their principal residence or domicile. For organizations with one place of business, the location is that business. For organizations with multiple places of business, the location is the chief executive office. The law governing a claim in the nature of a voidable transaction is the local law of the jurisdiction where the debtor is located when the transfer is made or the obligation is incurred.

AB1473 establishes rules for determining a debtor's location and choice of law for voidable transactions in California.

AB1473 amends Section 3439.10 of the Civil Code to clarify how a debtor's location is determined for voidable transactions. For individuals, the location is their principal residence or domicile. For organizations with one place of business, the location is that business. For organizations with multiple places of business, the location is the chief executive office. The law governing a claim in the nature of a voidable transaction is the local law of the jurisdiction where the debtor is located when the transfer is made or the obligation is incurred.